What’s Coming for Crypto Regulation in Australia?
Australia is gearing up for a transformative shift in its approach to cryptocurrency regulation by mandating that all cryptocurrency platforms obtain financial services licenses. This move, unveiled by Assistant Treasurer Daniel Mulino during the Digital Assets Summit, is intended to bolster regulatory clarity and enhance consumer protection in the crypto sector. The initiative aims to legitimize crypto operations, which in turn may bolster consumer trust in the industry.
The new licensing requirements will primarily encompass exchanges and custodial services, ensuring compliance with established standards of transparency and accountability. While this proposal is a stride toward securing the digital asset landscape, it stirs questions…
